RBL Bank Car Loan in Mumbai

About RBL Bank Car Loan in Mumbai

It is the time for you to buy a car as RBl Bank is offering one of the lowest interest rates on car loans in Mumbai. Now, you can go anywhere anytime without being worried about the transport availability. To apply for a car loan at RBL Bank, have a look at the documentation required to apply for a car loan, check eligibility now and interest rates.

RBL Bank Car Loan in Mumbai at a Glance

ParticularsDetails
Interest Rate10.35%-10.85% p.a.
Loan amountFor salaried - ₹30 lakhs
For Self-employed- ₹1 Crore
TenureUp to 5 years
Processing Fee1% of Loan amount

Eligibility Criteria

The eligibility criteria to apply for a car loan or vehicle loan at RBL Bank is as follows:

For salaried-

  • Applicant’s age should be minimum 21 years and maximum 58 years at loan maturity (maximum 60 years for Govt. employees.)
  • Minimum total work experience of 3 years required.
  • Minimum one landline contact at residence or office and a post-paid mobile connection required.
  • Minimum annual income from ₹1 lakh to ₹9 lakhs

For self-employed-

  • Self-Employed Individuals / Professionals
  • Applicant’s age should be minimum 25 years and maximum 65 years at loan maturity.
  • Minimum 3 years of experience required in the same line of business.
  • Minimum one landline contact at residence or office and a post-paid mobile connection required.
  • Minimum annual income of from ₹1 lakh to ₹7.5 lakhs

Documentation Required

The document checklist that an applicant must have at the time of applying for a car loan at RBL Bank is as follows:

  • PAN Card – For Individual/Partnership Firm / Company
  • Identity Proof – Any one (Voter ID / Driving License / Passport / Aadhar Card)
  • Address Proof – Any one (Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
  • Business Continuity Proof – Any one document dated 3 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / Certificate of Incorporation / Partnership Deed)
  • Passport Size Photographs of all applicants & co-applicants
  • Car Documents
  • Pro-forma Invoice of the Car
  • Margin money receipt from the dealer
  • RTO set
  • Income Proof
  • Bank statements

For more information, read Car Loan Mumbai

Address of RBL Bank Branches in Mumbai

Branch NameComplete AddressIFSCMICRContact Number
Girgaum - MumbaiRajendra Mansion, Jagannath Shankarshet Road, Girgaum Mumbai-400004RATN0000013400176002022-23802033
Kandivli - MumbaiShri Building, 295, Shantinath Modi Road. Opp. Sindhi Colony Kandivli (W) Mumbai-400067RATN0000053400176003022-28074824
ThaneLaxmi Market, Pokharan Road No 1, Near Vartak Nagar, Thane WestRATN0000058400176004NA
Boriwali - MumbaiShop - 2 Shroff Arcade, Sodawala Lane, Near Thakare Theatre, Boriwali (W), Mumbai - 400092RATN0000062400176005022-28918502
Vile Parle - Mumbai6, Ground Floor, Galaxy Arcade, 10, M.G.Road, VileparleRATN0000068400176007022-26136355
Fort - Mumbai7, Rahimtullah House, Homji Street, Horniman Circle, Fort Mumbai 400001RATN00000FT400176009022-22703639
Lower ParelIndiabulls Center, Tower 2, 3Rd Floor, 841, Senapati Bapat Marg, Mumbai - 400013RATN0000088400176016022 22703638
Corporate Office (IB Branch)One Indiabulls Centre, Tower 2, 6th Floor, Senapati Bapat Marg, Lower Parel (W), Mumbai 400 013RATN0000992NON-MICR91-22-43020669
FortRahimtullah House, Homji Street, Horniman Circle, Fort Mumbai 400001RATN0000070400176009022-22703639
Vashi, Navi MumbaiThe Ratnakar Bank Ltd, Arti Chs Ltd, Plot 29, Sector 2, Vashi, Navi Mumbai, Maharashtra - 400 705RATN0000102400176022022-43020600
BadlapurThe Ratnakar Bank Ltd, Nisargapratiksha Apartment, Old Katrap Road, Badlapur (East), Taluka Ambernath , District Thane, Maharashtra, Pincode 421503RATN0000103400176021022-43020600
Corporate OfficeOne India Bulls Centre, 841 6th Floor, Tower B Wing, Lower ParelRATN0000990NON-MICR022-43020600
Service Branch MumbaiThe Ratnakar Bank Ltd Service Branch 19 J B House, R D Street , Fort MumbaiRATN0000991400176001022-22655820
Dadar-MumbaiThe Ratnakar Bank Ltd, Plot No-399, Gokhale Road South , Opp Bmc School, Dadar West Mumbai-400028RATN000018440017602543020600
The Ratnakar Bank LtdThe Ratnakar Bank Ltd, 9th Floor, Techniplex-I, Off Veer Savarkar Flyover, Goregaon West, Mumbai-400062RATN0123456NON-MICR240288100
Ghatkopar EastShop No. 13 And 13A, Zest Business Spaces, M G Road, Ghatkopar East, Mumbai 400077RATN000018840017602625011752

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